What is Original Cost Method of providing depreciation??
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Under this method deprecation is charged at a fixed percentage on th original cost of the asset.The amount v deprecation remains equal from year to year and such as the method is also known as 'Equal Instalment Method' or 'Fixed Instalment Method'.
Under this method deprecation is charged at a fixed percentage on th original cost of the asset.The amount v deprecation remains equal from year to year and such as the method is also known as 'Equal Instalment Method' or 'Fixed Instalment Method'.
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Equal depreciation is charged every year. The book value of the assets can be reduced to zero.
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